Telefónica, S.A. (NYSE:TEF) to Issue $0.16 Semi-Annual Dividend

Telefónica, S.A. (NYSE:TEF) declared a Semi-Annual dividend on Wednesday, May 29th, NASDAQ reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.1628 per share by the utilities provider on Thursday, July 11th. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 18th.

Telefónica has decreased its dividend by an average of 10.9% per year over the last three years. Telefónica has a dividend payout ratio of 91.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Telefónica to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 94.3%.

Telefónica Price Performance

Shares of TEF opened at $4.35 on Monday. Telefónica has a fifty-two week low of $3.71 and a fifty-two week high of $4.80. The stock has a fifty day moving average of $4.45 and a two-hundred day moving average of $4.23. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.96 billion. Telefónica had a positive return on equity of 7.84% and a negative net margin of 1.57%. Equities research analysts forecast that Telefónica will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Saturday, June 8th. Deutsche Bank Aktiengesellschaft lowered Telefónica from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.